Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$710,654$665,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$4,639.02$4,605.02
2nd payment$0.00$0.00
Taxes / mo$615.83$615.83
Insurance / mo$216.67$216.67
MI / mo$331.20$133.02
HOA / mo$35.00$35.00
Total monthly$5,837.72$5,605.54
Cash to close$28,346$73,900